De Beers reports lower sales in November

De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the ninth sales cycle of 2018.

Cycle 9 2018 (provisional)1

Cycle 8 2018 (actual)2

Cycle 9 2017 (actual)

Sales value3 ($m)

440

482

466

Notes to this table are shown at the bottom of this page.

Bruce Cleaver, CEO, De Beers Group, said: "As the industry’s focus turns towards the key end of year retail selling season, rough diamond sales continued to be in line with expectation during the ninth cycle of the year. While demand for smaller, lower quality rough diamonds continues to see some challenges, the latest cycle saw some signs of improvement in this area as factories in India begin to reopen after Diwali."